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ANADOLU HAYAT EMEKLİLİK A.Ş. COMPANY PRESENTATION

ANADOLU HAYAT EMEKLİLİK A.Ş. COMPANY PRESENTATION. November 2010. Disclaimer.

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ANADOLU HAYAT EMEKLİLİK A.Ş. COMPANY PRESENTATION

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  1. ANADOLU HAYAT EMEKLİLİK A.Ş.COMPANY PRESENTATION November2010

  2. Disclaimer The information in thisdocument has beenobtainedby Anadolu Hayat Emeklilik A.Ş. fromsourcesbelievedto be reliable, however, Anadolu Hayat Emeklilik A.Ş. can not guaranteetheaccuracy, completenessorcorrectness of such information. Thisdocument has beenissuedfor information purposesonly. The financialreportsandstatementsannouncedby Anadolu Hayat Emeklilik A.Ş. tothepublicandrelevantcorporationsareacceptedto be thesolematerial. Anadolu Hayat Emeklilik A.Ş. does not acceptanyliabilitywhatsoeverforanydirectorconsequentiallossarisingfromanyuse of thisdocumentoritscontentsduetothemisleading information in thisdocument. Allestimationscontained in thisdocumentareopinions of Anadolu Hayat Emeklilik A.Ş. and can be subjecttochangewithoutnotice. Thisdocument can not be interpreted as an advicetotheinvestorsand Anadolu Hayat Emeklilik A.Ş. can not be heldresponsiblefortheresults of investmentdecisionsmade on account of thisdocument. Thisdocument has beenissuedspeciallytotheperson, whomthedocument is concernedandmay not be reproduced,distributedorsharedwiththirdpartiesforanypurpose.

  3. Corporate Profile Contents Lines of Business - Life & Pensions Financials Stock Data

  4. Corporate Profile • Established in 1990 as a subsidiary of TürkiyeİşBankası • First life insurancecompany in Turkey • The only Life & Pension company publicly traded (since 2000) • Has been operating in pension business since 27.10.2003 • Market leader in life insurance sector since establishment

  5. OwnershipStructure

  6. Total Number of Companies 31.12.2009 Source: Treasury

  7. TURKEY INSURANCE SECTOR Premium Productions Source: Treasury

  8. TURKEY PENSION SYSTEMContributions as of 31.12.2009 Source: Treasury

  9. Distribution Channel Strategy • Focus on Bancassurance • Expanding Direct Sales Team • Improve agency profile • Improve Customer Service Quality • Improve HR quality • Focus on Corporate Pension Business Growth Strategy

  10. Corporate Profile Lines of Business - Life & Pensions Financials Stock Data

  11. PrivatePension Life Insurance Lines of Business • Individual • Corporate • Endowment • Term Life • Annuities • Unemployment • CriticalIllness

  12. Started on 27.10.2003 • 13 Licensed pensioncompanies • Third pillarsystem • Defined contribution • Voluntary participation • Tax incentives for both participant & employer • Fully funded system • Minimum 10 years of contributionpayment • Minimum retirement age is 56 • Funds are managed by asset management companies • Separate pension accounts for each participant • Participants have the right to; • Switch funds or pension plan • Transfer accounts between pension companies once a year • Mergetheirseparatepensionaccounts • Cease contribution payments • Leave anytime PRIVATE PENSION SYSTEM IN TURKEY BasicFeatures

  13. Contribution Stage • Contributions are tax deductible up to %10 of income with a cap of annual minimum wage. • Employer contributions are also tax deductible subject to the same limits • Investment Stage • Investment income of pension funds are tax exempt • No stamp tax in setting up pension funds • No tax on transactions in pension system • Benefit payments • %25 of retirement payments are exempt from income tax • Residual is subject to a witholding tax of 5 % • Early surrenders are subject to 15% or 10%(in case of completion of 10 yrs within the system) witholding tax with no exemption PRIVATE PENSION SYSTEM IN TURKEY TaxIncentives

  14. PrivatePension System InTurkey TREASURY PENSION MONITORING CENTRE MONEY AND CAPITAL MARKETS ASSET MANAGEMENT ** Reporting of Pension Accounts PARTICIPANT & SPONSOR PENSION ACCOUNT ADMINISTRATION * FUND ADMINISTRATION *** Reporting of Funds Reporting of Pension Accounts CUSTODIAN BANK CAPITAL MARKETS BOARD • * Anadolu Hayat Emeklilik • ** İş AssetManagement, HSBC AssetManagement, TEB AssetManagement • *** Isbank

  15. Distribution Network Bancassurance 1138 branches 335 branches 334 branches 86 branches 3 branches 109 branches 3 branches Direct Sales • 300 Licensed Salesperson • 276 Exclusive Agencies • 49 Brokers Agents & Brokers Other • Internet • Call Centre

  16. PensionProductionByChannel 58,6%

  17. EconomicImprovements in Turkey • Structuralreforms • Extendedmaturities • Purchasingpower • Lack of confidence in thesocialsecuritysystem • Advantages of Pension System • Taxincentives • Transparentsystem • Participatingtotheinvestmentprocess KeyDriversFor Growth InPensionBusiness

  18. Distribution network • Diversifiedproducts • Fund performance • Chargingstructure • Service quality KeyDriversForOur Market Leadership

  19. Private Pension System InTurkeyOverview as of 31.10.2010

  20. Pension System Outlook

  21. PrivatePension System SectoralExpectations Source: PensionMonitoringCenter

  22. Private Pension System In TurkeyOverview as of 31.10.2010

  23. Conservative Balanced Aggressive • Intnl. Mixed Fund • Eurobond $ Fund • Eurobond € Fund • Balanced Fund PensionProductsFund Menu • Cash Fund • Conservative Fund • Bond Fund • Equity Fund • Aggressive Fund 31 % 18 % 51 %

  24. PrivatePensionFunds & MutualFunds

  25. 31.12.2009-31.10.2010Weighted Average Return • As of 28.10.2010

  26. Anadolu Hayat EmeklilikWeightedAverageReturnPerformance

  27. PensionProductsChargingStructure & Minimum Contribution

  28. Life Insurance InTurkeyMarket Shares (Premium Production)

  29. Life Insurance InTurkeyMarket Shares (MathematicalReserves)

  30. Life ProductsProfitSharingRates

  31. Life PortfolioTotal Number of Policies

  32. Life PortfolioTotal Premium Production (TL)

  33. Life PortfolioPremium Production – New Business (TL)

  34. Life ProductionByChannel 32 %

  35. Life ProductsChargingStructure

  36. Corporate Profile Lines of Business - Life & Pensions Financials Stock Data

  37. FinancialHighlights

  38. FinancialHighlights

  39. DividendPayout

  40. CapitalAdequacy

  41. FinancialsIncomeStatement

  42. FinancialsIncomeStatement

  43. FinancialsBalanceSheet

  44. FinancialsBalanceSheet

  45. Corporate Profile Lines of Business - Life & Pensions Financials Stock Data

  46. Anadolu Hayat EmeklilikStock Data

  47. THANK YOU…

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